Qatar Allocates Funds to Natural Resource Companies in Indonesia
Globally, Qatar Holding LLC has been investing in natural resource and commodity companies for quite some time. They recently picked up a significant stake in European Goldfields Limited which included funding support for the company to develop gold deposits in Greece.
Qatar Holding LLC is setting up a subsidiary called QH Indonesia to deploy $1 billion in targeting Indonesia’s raw materials and natural resources. Indonesia is centrally located near key markets such as India, China, and Australia. The sovereign wealth enterprise will be based in Jakarta. Indonesia is a heavily populated Muslim country in Southeast Asia and a major exporter of palm oil and rubber.
Nearly 85% of palm oil is produced in Indonesia and Malaysia.
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